VIP Entertainment Technologies (TSXV:VIP) ROCE % : 0.00% (As of Dec. 2023)

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What is VIP Entertainment Technologies ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. VIP Entertainment Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

VIP Entertainment Technologies ROCE % Historical Data

The historical data trend for VIP Entertainment Technologies's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VIP Entertainment Technologies ROCE % Chart

VIP Entertainment Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

ROCE %

-30.88

-25.71

-40.46

VIP Entertainment Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1,831.15	-464.71	-	-	-

VIP Entertainment Technologies ROCE % Calculation

VIP Entertainment Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Mar. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Mar. 2022 )		(A: Dec. 2023 )
	=	-1.881	/	( ( (0.195 - 0.004)	+	(0.156 - 0.767) )	/ 2 )
	=	-1.881	/	( (0.191	+	-0.611)	/ 2 )
	=	-1.881	/	-0.21
	=	895.71 %

VIP Entertainment Technologies's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.36	/	( ( (0.225 - 0.752)	+	(0.156 - 0.767) )	/ 2 )
	=	-0.36	/	( ( -0.527	+	-0.611 )	/ 2 )
	=	-0.36	/	-0.569
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

VIP Entertainment Technologies (TSXV:VIP) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

VIP Entertainment Technologies ROCE % Related Terms

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VIP Entertainment Technologies (TSXV:VIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (TSXV:VIP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VETIF:USA

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.vipentertaingroup.com

VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.

Executives

Jennings Theresa

10% Security Holder

VIP Entertainment Technologies (TSXV:VIP) Headlines

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